Diversified Trust Co Increases Holdings in Trane Technologies plc $TT

Key Points

• Diversified Trust Co has increased its stake in Trane Technologies plc by 64.9%, owning 8,519 shares worth approximately $3.7 million after purchasing an additional 3,353 shares in the second quarter.
• CEO David S. Regnery sold 22,497 shares for a total of $9.2 million, reducing his ownership by 15.39%, though he still retains 123,713 shares valued at over $50 million.
• Overall, institutional investors own 82.97% of Trane Technologies' stock, with recent target prices from analysts ranging from $485 to $460, indicating varied outlooks on the company's performance.

Diversified Trust Co increased its stake in Trane Technologies plc (NYSE:TT - Free Report) by 64.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,519 shares of the company's stock after purchasing an additional 3,353 shares during the quarter. Diversified Trust Co's holdings in Trane Technologies were worth $3,727,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. WFA Asset Management Corp boosted its stake in Trane Technologies by 208.3% during the first quarter. WFA Asset Management Corp now owns 74 shares of the company's stock valued at $25,000 after buying an additional 50 shares during the period. Saudi Central Bank purchased a new position in shares of Trane Technologies in the first quarter worth about $30,000. Opal Wealth Advisors LLC purchased a new position in Trane Technologies during the 1st quarter valued at about $31,000. Bogart Wealth LLC grew its holdings in shares of Trane Technologies by 97.9% during the 1st quarter. Bogart Wealth LLC now owns 93 shares of the company's stock worth $31,000 after acquiring an additional 46 shares during the period. Finally, Tradewinds Capital Management LLC grew its holdings in shares of Trane Technologies by 46.2% during the 1st quarter. Tradewinds Capital Management LLC now owns 95 shares of the company's stock worth $32,000 after acquiring an additional 30 shares during the period. Institutional investors own 82.97% of the company's stock.

Insider Buying and Selling at Trane Technologies

In other news, CEO David S. Regnery sold 22,497 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $410.00, for a total value of $9,223,770.00. Following the completion of the transaction, the chief executive officer owned 123,713 shares of the company's stock, valued at $50,722,330. The trade was a 15.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TT has been the topic of a number of research analyst reports. Barclays reduced their target price on Trane Technologies from $495.00 to $485.00 and set an "overweight" rating on the stock in a report on Tuesday, September 16th. The Goldman Sachs Group boosted their price target on Trane Technologies from $416.00 to $460.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. HSBC cut Trane Technologies from a "buy" rating to a "hold" rating and upped their price objective for the company from $415.00 to $460.00 in a research report on Thursday, July 31st. Northcoast Research cut Trane Technologies from a "buy" rating to a "neutral" rating in a report on Friday, August 1st. Finally, Citigroup cut their price target on Trane Technologies from $499.00 to $494.00 and set a "buy" rating for the company in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Trane Technologies has an average rating of "Hold" and a consensus price target of $457.40.

Trane Technologies Price Performance

Trane Technologies stock opened at $406.93 on Friday. The stock has a market cap of $90.55 billion, a P/E ratio of 32.27, a price-to-earnings-growth ratio of 2.54 and a beta of 1.10. The company has a fifty day simple moving average of $428.42 and a 200-day simple moving average of $401.72. Trane Technologies plc has a 12-month low of $298.15 and a 12-month high of $476.18. The company has a current ratio of 1.10, a quick ratio of 0.76 and a debt-to-equity ratio of 0.50.

Trane Technologies (NYSE:TT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $3.88 EPS for the quarter, beating analysts' consensus estimates of $3.79 by $0.09. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.77 billion. Trane Technologies had a net margin of 13.76% and a return on equity of 36.61%. Trane Technologies's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.30 earnings per share. Trane Technologies has set its FY 2025 guidance at 13.050-13.050 EPS. Equities analysts expect that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

About Trane Technologies

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.

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